👀 Nvidia could be your best AI bet

The US economy slowed less than expected | Diageo’s sales jumped | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for January 27th in 3:10 minutes. 👣 Good balance helps you stay on your feet when things get rocky – and in the world of investing, that means having a wide, stable spread of assets. Join IG’s Martin Harris for [How To Build A Smart Portfolio]( on February 14th, and find out how to keep your footing when the whole world starts to shake. [Get your free ticket now]( Today's big stories - The US economy slowed less than expected last quarter - This stock could be the best AI investment play going – [Read Now]( - The world’s biggest spirits maker Diageo celebrated tequila-shot-worthy sales Easy Does It [Easy Does It] What’s Going On Here? Fresh data out on Thursday [showed]( that US economic growth slowed less than expected last quarter. What Does This Mean? Rate hikes are one of the main weapons the Federal Reserve (the Fed) has in its war on inflation, and it hasn’t been particularly shy about firing them off. But while the economy’s sustained some damage, it still managed to stay on its feet last quarter. After all, a key measure of consumer spending – which makes up the lion’s share of the economy – increased by just over 2%. That’s less than economists expected, sure, but growth is growth. Government spending took its biggest leap in almost two years too, and companies upped their inventories – all of which helped plug the gap left by plunging residential property investments and dwindling exports. On the whole, the news was good: the economy grew at an [annualized]( pace of 2.9%, a slowdown from the previous quarter, but better than the 2.6% economists expected. Why Should I Care? The bigger picture: Time will tell. There’s no denying that the economy showed pluck last quarter, but some pundits still think rate hikes haven’t had their full impact yet, and reckon they’ll knock the economy into a mild recession as the year wears on. That chimes with a recent survey by Bloomberg: it revealed that economists think the economy will shrink by 0.6% and 0.3% in the second and third quarters of this year – marking a [technical recession](. Zooming out: Deny all knowledge. The Fed isn’t done yet: the central bank’s widely expected to hike rates by 0.25 percentage points next week, and eventually bring rates to 5% and hold them there for a while. But while economists are already sounding the recession alarm, the central bank insists a good old “soft landing” is still a possibility. At any rate, there’s no guarantee it’ll fess up if things do take a turn: it kept mum when a technical recession [set in]( last year, after all. You might also like: [abrdn sees the world on the brink of recession.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Easy Does It&utm_campaign=daily-global-27-01-2023&utm_source=email) Analyst Take Nvidia Could Be The Best Way To Invest In AI Right Now [Nvidia Could Be The Best Way To Invest In AI Right Now]( By Paul Allison, Analyst You don’t have to know a ton about [artificial intelligence (AI)]( to know [it’s going to be huge](. What’s less clear is [how to invest in its future](. AI is new – and there are companies beyond the Big Tech titans with [a major stake]( in the technology. Nvidia is one of them. And it could be the single best [AI investment play]( out there. That’s today’s Insight: [a close look at Nvidia, and whether it belongs in your portfolio.]( [Read or listen to the Insight here]( SPONSORED BY NOBODY STUDIOS In a world full of somebodies, become a Nobody There are tons of perks to being a Nobody, like investing once to be a part of 100 up-and-coming companies. See, [Nobody Studios]( is using the latest tech innovations to radically overhaul the way that [new companies]( are created, funded, and operated. With good reason, too: plenty of high-potential startups fail because they can’t access capital, or end up overfunded – and plenty of would-be investors just can’t find [the right opportunities](. [Nobody Studios](, though, is on a mission to [build up 100 companies in 5 years](, and has enlisted top execs from Amazon, Facebook, Google, Stripe, and Coca-Cola to do just that. Now’s your chance to own a piece of every business Nobody builds up: [you can become a Nobody too](. [Find Out More]( Spirited Away [Spirited Away] What’s Going On Here? Diageo, the world’s biggest spirits maker, [raised]( a toast on Thursday to celebrate its sparkling sales. What Does This Mean? Plenty of folk spent the pandemic mixing their own cocktails at home, but that doesn’t mean they went teetotal when restrictions lifted. Quite the opposite: the current cost-of-living crisis seems to be another excuse for a regular liquid pick-me-up. And while the economic slowdown has some trading down for cheaper foods, drinkers actually seem to be quaffing swankier stuff: after all, it was Diageo’s most expensive booze that customers really thirsted for, and sales of the firm’s priciest offerings grew by double-digit percentages in each region. In fact, premium brands made up 65% of the company’s organic sales growth. All in all then, those sophisticated sippers helped the maker of Johnnie Walker whisky and Captain Morgan rum top up net sales by a hardy 9% in the second half of 2022, outstripping analysts’ expectations. Why Should I Care? For markets: Investors stayed sober. Investors didn’t feel like joining Diageo’s celebrations, and not just because of Dry January. For one, sales slowed down in North America – a worrying sign given that the region brings in about half the firm’s overall profit. And for another, most of the firm’s growth was simply down to price rises, meaning the amount of drink Diageo sold was actually pretty underwhelming. That meant stone-cold-sober investors looked past share buybacks and a dividend bump, and sent shares down 6%. Zooming out: On the rocks. British tonic maker Fevertree was also [shaken]( in the US last year, adding insult to injury after its sales dropped in the UK, its biggest market. The maker of high-end spirit mixers warned that the cost of glass bottles is bubbling over, and that could keep its profit underwhelmingly flat this year. Unsurprisingly, that news wasn’t the tonic investors needed: shares dropped a whole 15%. You might also like: [Here’s how you can work out what Diageo is really worth.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Spirited Away&utm_campaign=daily-global-27-01-2023&utm_source=email) 🌍 Finimize Live 🥳 Coming Up Soon… All events in UK time. 📈 [How To Hedge Against Volatility With Crypto](: 5pm, February 2nd 💰[How To Build A Smart Portfolio](: 1pm, February 14th 💸 [Healthy Investing Habits for Uncertain Times](: 6pm, February 14th 👩‍💻 [Opportunities For Women In Blockchain 2023](: 12.30pm, February 16th ✍️ [What Are Investment DAOs And How Do They Work?](: 6pm, February 22nd 🎯 On Our Radar - Breaking news. The [2024 Olympics]( is going to feature breakdancing. - Picture that. One of America’s most iconic snaps isn’t quite [what it seems](. - Shy of a full deck. Turns out Tarot cards [might be misunderstood](. - Tips to tune out. Here’s how to stop your work life swallowing up [your free time](. - Hell hath no fury. A Michigan priest claimed that demons like to [sing Rihanna’s “Umbrella”](. ❤️ Share with a friend Your Referrals: 0 Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. Share your unique link: [ You stay classy, {NAME} 😉 We’d love to hear your thoughts. [Give feedback]( Want to advertise with us too? [Get in touch]( Image Credits: Image credits: gan chaonan, RozenskiP - Shutterstock | Johnnie Walker Preferences: [Update your email]( or [change preferences]( [View in browser]( [Unsubscribe]( from all Finimize Emails 😴 Crafted by Finimize Ltd. | 280 Bishopsgate, London, EC2M 4AG All content provided by Finimize Ltd. is for informational and educational purposes only and is not meant to represent trade or investment recommendations. You signed up to this mailing list at finimize.com or through one of our partners. © Finimize 2021 [View Online](